January 16, 2020
According to the research report titled ‘Asia Pacific Methyl Glucose Market By Product (PEG 120 Methyl Glucoside Dioleate, Methyl Glucoside Dioleate, PEG-20 Methyl Glucose Sesquistearate, Methyl Glucose Sesquistearate, PPG-20 Methyl Glucose Ether, PPG-20 Methyl Glucose Ether Distearate, PPG-10 Methyl Glucose Ether, Methyl Glucose Isostearate, Methyl Gluceth-10, Methyl Gluceth-20, PEG-20 Methyl Glucose Trioleate, PEG-120 Methyl Glucose Trioleate) By Form (Liquid, Powder), By Application, Industry Analysis Report, Country Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the Asia-Pacific methyl glucose market is expected to surpass USD 70 million by the year 2025.
According to the report, advancements in technology pertaining to cosmetic ingredients manufacturing is a major factor driving the Asia-Pacific methyl glucose market growth. Escalating disposable income and rapid urbanization across Asia-Pacific has amplified the adoption of premium cosmetic products which in turn is stimulating the industry outlook.
Methyl glucose can effectively function as an emulsifier, surfactant, thickener, emollient, and humectant and hence is used extensively in beauty & personal care industries. Shifting preference towards cosmetics made from natural ingredients is also aiding the expansion of the market. Increasing awareness pertaining to product ingredients in tandem with growing online cosmetics sales are facilitating the business scenario.
As per product type, the report states that PEG 120 methyl glucoside dioleate segment dominates the Asia-Pacific methyl glucose market. This product can be used as an emulsifier and as a surfactant in the cosmetic industry. On the other hand, methyl gluceth-20 segment is estimated to register substantial growth during the estimated timeframe. The product possesses excellent water retention properties and prevents water-loss from the skin. Moreover, it can also be used as a thickener or as an emulsifier, thereby fueling the segment growth.
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As per the regional analysis, the report states that China held 35% share in the Asia-Pacific methyl glucose industry in the year 2018. Rising production of cosmetics in consort with favorable government reforms are contributing towards the popularity of the product across the country. Additionally, factors such as cost effectiveness and nation’s established export network have positively impacted regional demand. Improving economy and rise in per capita income is further augmenting the demand for methyl glucose products in premium cosmetic industry across the country.
The prominent companies operating in Asia-Pacific methyl glucose market are NOF Corp., KCI Ltd., Lubrizol, Probig Fine Chemical Co. Ltd., Redox Pty Ltd., Evonik Industries AG, ACAR Chemicals, SMA Collaboratives, Wuhan Fortuna Chemical Co. Ltd., Hangzhou TIM Chemicals Co. Ltd., Hefei TNJ Chemical Industry Co. Ltd., Kalichem, Foshan Hytop New Material, BOC Sciences, Kiama Research Labs, Xian Health Biochem Technology, Co. Ltd., Reachin Chemical Co. Ltd., Guangzhou Tinci Materials Technology (Tinci), and Hangzhou Fanda Chemical Co. Ltd.
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